Sky News reporter Liz Tilley says the housing market is seeing a ‘dent in the road’ with auction clearance rates impacted the recent long weekend, despite the Reserve Bank of Australia cutting interest rates.
Sales slowed on the weekend, with only 800 properties taken to auction across the combined capital cities, with the clearance rate at 51 per cent, down from 58 per cent the week before. However, Ms Tilley says there is an increase in number of people applying for home loans, but this could take some time to filter through to the market. Image: News Corp Australia
adamgiles ScottMorrisonMP Negative 👎 gearing in full swing. Rich people are baying more houses 🏘 on taxpayers money. In meantime majority of Australians can’t afford to pay for rent, and every day you can see more and more people slipping in the streets. What a lucky 🍀 country we became.
adamgiles ScottMorrisonMP Omg what a fruitcake !
adamgiles ScottMorrisonMP It's a lot more likely that now that the banks have helped get their stooges re elected, they've simply untied the purse strings and returned to their dodgy loans to dodgy investors policy
adamgiles ScottMorrisonMP The Messiah is here, Hallelujah my friends!!
adamgiles ScottMorrisonMP Delusional idiot
adamgiles ScottMorrisonMP Keep inflating that bubble you fools when it comes crushing, the Reserve Bank and the Government will be impotent to act.
adamgiles ScottMorrisonMP Strange way to describe kicking the can slightly further down the road
adamgiles ScottMorrisonMP Give me a break, it means nothing. They are still in the shit.
adamgiles ScottMorrisonMP 🤣🤣🤣🤣🤣
adamgiles ScottMorrisonMP Yeah. We need lots of cashed up investors dominating the housing market so that first home buyers don't get a look in.
adamgiles ScottMorrisonMP Just don’t mention the fact that the retail sector is now in recession...
adamgiles ScottMorrisonMP Sky news ... the graveyard for failed politicians.
adamgiles ScottMorrisonMP Bollocks!!!!
adamgiles ScottMorrisonMP This should age well 🤣🤣🤣🤣
adamgiles ScottMorrisonMP Wow. The pending recession is probably Bill Shortens fault then yeah? auspol
adamgiles ScottMorrisonMP You almost come across as remotely sensible.